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Reduction of share premium account

23rd Apr 2021 15:35

RNS Number : 4904W
Ecofin US Renewables Infrastr.Trust
23 April 2021
 

23 April 2021

 

 

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

 

Reduction of share premium account

 

As stated in the Company's prospectus dated 11 November 2020 (the "Prospectus"), in order to increase the distributable reserves available to facilitate the payment of future distributions, the Company resolved that, conditional upon Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following Admission be cancelled and credited to a special distributable reserve.

 

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the reduction became effective. Accordingly, the amount of $121,250,000 previously held in the share premium account has been cancelled and will be credited to a special distributable reserve.

 

Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.

 

 

For further information, please contact:

Ecofin Advisors, LLC (Investment Manager)

Jerry Polacek

Matthew Ordway

Prashanth Prakash

+1 913 981 1020

Stifel (Corporate Broker)

Mark Bloomfield

Nick Donovan

Maarten Freeriks

+44 207 710 7600

PraxisIFM Fund Services (UK) Limited (Company Secretary)

+44 204 513 9260

 Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.

The Company's LEI is 2138004JUQUL9VKQWD21.

 

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